“Thomson Reuters’ capabilities
and trajectory in legal and financial industries will help bridge the
gap between blockchain and the real world. This is a big step for using
the power of smart contracts to solve real life problems.”

“The Incubator Lab is designed for startups within Fintech, RegTech,
LegalTech, or NewsTech with whom we see an important or interesting
potential alignment for our customers,” as described by Barry
Dooney, Strategy and Operations Manager at Thomson Reuters Labs
startup incubator. “Companies participating in the program have access
to office space, executive mentoring, and access to our data and
technology capabilities.”

Kleros enables both individuals and businesses to feel secure, safe, and
comfortable while conducting transactions online. This is accomplished
by using smart contracts to reduce counterparty risk in a wide range of
industries including e-commerce, insurance and finance. Should a dispute
arise between the transactional parties, the Kleros’ platform enables
the dispute to be resolved through fast, secure and transparent.

According to Dr. Federico Ast, Kleros’ Co-founder and CEO, there is no
standard procedure parties must adhere to while handling online
disputes. “That’s when we knew it was our duty to the overall growth of
the ecosystem to create an efficient and affordable dispute resolution
layer protocol built on top of the blockchain,” said Clément Lesaege,
Kleros’ Co-founder and CTO.

“The entire Kleros team feels incredibly honored to be chosen as only
the fifth project accepted in the Incubator Lab’s program,” said Dr.
Federico Ast, Kleros’ Co-founder and CEO. “Thomson Reuters’ capabilities
and trajectory in legal and financial industries will help bridge the
gap between blockchain and the real world. This is a big step for using
the power of smart contracts to solve real life problems.”

By joining the Thomson Reuters Incubator Lab, Kleros will be gaining
access to an incredible wealth of knowledge and resources to support the
achievement of its grand vision: democratizing access to justice.